The cryptocurrency whose owner earned $ 2.5 million in just 15 hours is named

Editor’s note: not financial advice!

An unknown trader managed to earn $ 2.5 million in 15 hours using a new cryptocurrency. The investor used Solana and a little-known asset called Vibe Cat Price (Minette).

Lookonchain analysts drew attention to the trader’s success. The experts shared the details of the user’s operations on their page on the X platform.

Vibe Cat Price, like most other memecoins, does not have a global goal. The lack of value of such coins makes investing in them extremely risky. At the same time, many traders still rely on highly volatile memecoins in pursuit of earnings.

In the case of Vibe Cat Price, the investor managed to make good money. The growth of the token amid the launch of trading allowed the trader to make millions in just a few hours. The crypto community member had 3.89 Solana worth $ 600. He withdrew the coins from Binance and spent a portion of them, namely 2.89 SOL ($ 445), to buy 2.46 billion. Minette.

The investor strictly adhered to the timing. The purchase of Minette fell on a block in which the developers added liquidity to the project. Soon after, the trader sold 1.04 billion Minette for 998.7 SOL ($ 153,000). The trader still has 1.42 billion memecoins under his control. Amid the exchange rate growth, the tokens rose to $ 2.5 million.

Lookonchain believes that an insider is hiding behind the transactions. Analysts noted that the developers of Vibe Cat Price refused to burn LP tokens. In their opinion, such a scheme increases the chances of a fraudulent scheme in which the project team removes all liquidity from the project. The concentration of a large amount of Minette in the hands of an insider, according to Lookonchain, can result in the project’s failure.

No Worries strongly advises readers not to invest in dubious crypto projects and little-known digital assets!